Analysts Set Capri Holdings Limited (NYSE:CPRI) Target Price at $24.21

Capri Holdings Limited (NYSE:CPRI) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.0714.

Several equities research analysts have issued reports on CPRI shares. Telsey Advisory Group decreased their price target on shares of Capri from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. Raymond James Financial reissued an “outperform” rating and set a $22.00 price objective on shares of Capri in a research note on Thursday, May 28th. Bank of America decreased their target price on shares of Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Wells Fargo & Company lowered their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Capri from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th.

Insider Activity at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Capri

A number of hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in shares of Capri by 3.4% during the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock valued at $405,000 after acquiring an additional 550 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Capri by 1.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock worth $1,018,000 after acquiring an additional 550 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after acquiring an additional 555 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Capri by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock worth $431,000 after acquiring an additional 600 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Capri by 0.7% in the second quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock valued at $1,926,000 after purchasing an additional 734 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Stock Performance

NYSE CPRI opened at $16.35 on Wednesday. Capri has a fifty-two week low of $15.19 and a fifty-two week high of $28.26. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.29 and a beta of 1.39. The business has a fifty day moving average of $18.43 and a 200-day moving average of $19.63. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The business had revenue of $796.00 million for the quarter, compared to the consensus estimate of $800.04 million. During the same period in the prior year, the business earned ($4.90) earnings per share. The business’s revenue was down 23.1% on a year-over-year basis. As a group, analysts predict that Capri will post 2.06 earnings per share for the current fiscal year.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.